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How Can Probate be Avoided?

How Can Probate be Avoided?

While creating a Living Trust is probably the most common way to avoid probate, there are other circumstances in which Probate can be avoided, delays, or minimized.   Revocable Living Trust The reason for establishing the Living Trust was to give people the...
Why Would You Need a Living Trust?

Why Would You Need a Living Trust?

Avoiding the Expense and Delay of Probate One of the most important reason is that through the proper use of a Living Trust most or all of the expense and delay of probate is avoided. During proceedings, an executor (a person appointed in a Will) or a court-appointed...
What is Wrong with Probate?

What is Wrong with Probate?

While it is a legal process designed to protect the rights of heirs and creditors, it presents three major issues for the heirs: A Probate is a process by which a court provides a degree of supervision and oversight to the administration of a deceased’s estate. Too...
What is a Living Trust?

What is a Living Trust?

A living trust is a legal document which people create while alive to make sure that what they own is secured, if they die or if they become incapacitated. Such fund is quite profitable to the successors because of no need to undertake probate proceedings. That is, it...
How Does a Living Trust Help Avoid Probate?

How Does a Living Trust Help Avoid Probate?

When a person or family create a Living Trust, all assets in their name are re-titled to the Living Trust. At that point, they are not subject to Probate. The assets are administered privately and efficiently by the Successor Trustee who is often one of the family...